Why Negotiation Effectiveness Is Critical in the Hospitality Industry
Successfully navigating challenges within the hospitality industry relies on an organization’s ability to keep pace with a rapidly changing business climate through strategic negotiation.
Negotiation will always be an essential capability for every hospitality company. Creating a negotiation culture that reduces financial impact and mitigates reputational risks within the hospitality industry is critical.
At The Maker Group, we focus on empowering hospitality companies to create value, strengthen key relationships, and deliver profitable results with every negotiation.
The Maker Group Consulting and Advisory Support for Overcoming Challenges in the Hospitality Industry
The Maker Group combines negotiation best practices with a tactical, proven methodology to provide negotiators with essential tools needed for even the most challenging negotiations.
Our team will show you how to plan, structure, and execute negotiations confidently and with ease.
When you choose The Maker Group, you’re choosing subject matter experts who have the experience to help you shape a negotiation strategy that reinforces alliances by focusing on mutually agreeable outcomes.
Our bespoke negotiation consulting for the hospitality industry will provide the resources needed to strategize winning negotiations like pros.
Our proprietary tool will help your negotiation team emphasize:
- Internal alignment
- Tactical planning
- Critical thinking
- Strategic communication and relationship-building
- Execution and closing techniques
- And more
If you’re ready for negotiation strategies that really work, click here to learn more about our customized consulting and training.
How The Maker Group Consulting Can Help Hospitality Companies Improve Negotiation Strategy and Effectiveness
The Maker Group specializes in negotiation consulting for the hospitality industry. We’ll help your company build strong partnerships, avoid negative publicity, and drive profitability. Using proven behavioral strategies and our proprietary tool, your team will gain the confidence to succeed in any negotiation.
For companies within the hospitality industry, our consultants can assist and guide in a variety of ways, including:
#1: Financial Impact
Negotiations in the hospitality industry often involve large sums of money, such as deals with developers, suppliers, or land agreements with owners.
Effective negotiation can help ensure that each party is getting the best possible deal, which can significantly impact your final project.
Our consulting strategies utilize our proven 8-Step Maker Framework and best-in-class methodology to give hospitality companies clear financial direction with every negotiation.
#2: Communicating With Key Stakeholders
Managing long-term business relationships requires clear and concise communication. There’s no room for confusion in the hospitality industry. You depend on an array of relationships of varying complexities and strategic importance — there’s no room for error.
Negotiations in the hospitality industry often involve developers, architects, designers, suppliers, chefs, and more. Effective negotiation can help ensure that each party’s vision is communicated, respected, and protected.
Our negotiation consultants provide hospitality companies with comprehensive communication strategies to ensure all messages are articulated clearly and concisely.
#3: Gaining a Competitive Advantage
Negotiation effectiveness can help companies gain a competitive advantage by securing exclusive deals or partnerships, gaining access to hospitality experts, or acquiring valuable lease agreements.
The Maker Group specializes in supporting hospitality companies by offering strategies that maximize the outcome of every negotiation. We help align your entire team with shared objectives using operating principles that strengthen your competitive edge.
Your frontline negotiators deserve support. The Maker Group can help.
FAQs About The Maker Group’s Negotiation Consulting for the Hospitality Industry
What Makes Your Negotiation Consulting Approach for the Hospitality Industry Different From Others?
We know that for negotiations to be effective, you may need to get creative. The generic approach doesn’t work in the hospitality industry, and that’s what you can expect from those other consulting firms.
Our proprietary and proven method is specifically designed to address the unique challenges faced by the hospitality industry.
We build our consulting services from the ground up and center them around your company’s specific pain points.
How Can The Maker Group Help in the Hospitality Industry?
The hospitality industry faces a unique set of challenges and one false step can make or break a negotiation. When your team utilizes clear communication strategies they’re far more likely to succeed in negotiations.
The Maker Group helps strengthen negotiation skills by training negotiators to implement a foolproof plan every time. Our tools allow your team to anticipate and overcome any conflict that could arise during negotiations.
How Can Our Hospitality Company Work With The Maker Group for Negotiation Consultancy Services?
The first step is getting to know your company and your needs on an exploratory call with your key stakeholders. We work cohesively with your management team to tailor a strategy that will leave a lasting impact on the success of your company.
We’ll help you ensure maximum profits while achieving all of your goals.
Contact us to book a consultation.